Tuesday, June 2, 2015

Debt crisis in Greece – One last suggestion – Süddeutsche.de

  • chancellor Merkel received in Berlin the key decision makers in the question of the whereabouts of Greece in the euro zone.
  • The talks went on until late into the night. Concrete results were not yet known. Apparently, Greece is but a final proposal to be submitted.
  • reason for the meeting was that is just due to the repayment of loans and Merkel the issue Greece for the G-7 summit would have out of the way.
  • Greek Prime Minister Alexis Tsipras signaled apparently previously willingness to compromise.

It’s exactly midnight when François Hollande leaves the Chancellery. The Chancellor even accompanied him to the main entrance. It’s a cool night in Berlin, Angela Merkel freezes obviously a little in her yellow blazer, one sees that from a distance at the hunched shoulders. The wind ruffled her hair as she waves behind the Frenchman who rides off towards Tegel airport.





debt crisis EU is considering extending the aid to Greece

The euro countries to extend the rescue package for Greece over the summer. After reforms money could flow – and it was time for a third rescue package won.

Was this evening the prelude to decision on Greece’s future in the euro zone? There are many indications. A meeting with Hollande and Jean-Claude Juncker, the President of the EU Commission, originally stood on the program. The three of them conferred on schedule with high-level business representatives, was served a dinner, should be in the talk about the situation in Europe and the investment package of the European Union. But government spokesman Steffen Seibert had wound already visible in the last few days, when he should answer the question whether the three politicians were also in small groups to talk about Greece.



Merkel wants the issue of Greece from the way have

The time to mature repayment of loans is scarce, the pressure on everyone involved is large – and Angela Merkel, the host of the G7 meeting this weekend, would have the theme Greece at least temporarily, like from the way when it receives on Sunday, leaders at Schloss Elmau in Bavaria.



debt crisis Greece and the” playing with fire “

Athens Premier Tsipras prevails in his party, and may prevent a payment stop for the IMF debt. At the same time his finance minister Varoufakis provides again for excitement.

In fact, was then discussed on Monday evening over Greece – and the not only in small, but in a rather large, probably the decisive circle. Because for Merkel, Hollande and Juncker joined surprising nor the head of the European Central Bank, Mario Draghi, and the head of the International Monetary Fund, Christine Lagarde – the most important Europeans at a table, only Alexis Tsipras was missing, the Greek Prime Minister on which everything now depends.

Two and a half hours you sat together. The meeting recalled a similar meeting at the height of the financial crisis, also at night in the Chancellery, at that time still with Nicolas Sarkozy as French president and Jean-Claude Trichet for the ECB. Such summits are due when things are on a knife edge. If a decision must be found, at almost any price.



Should the IMF withdraw, that would be tough for Merkel

at 0.30 clock bring employees of the Chancellery, the French flag a, but in Merkel’s office lights are still on. Eight minutes later, Mario Draghi leaves the office. Christine Lagarde remains clearly remember what has quite symbolic, because the IMF has indicated, to withdraw from the rescue program for Greece. But that would not only provide Europe and Athens before entirely new problems, it would also be for the German chancellor politically extremely dicey. The participation of the IMF has always been one of the main arguments Merkel, when it came to convince their own people in the Bundestag of ever new assistance programs for Athens, or their extension.





debt crisis in Greece Varoufakis’ Game with the public

Athens Finance says he recorded conversations of the Euro Group. The EU colleagues are angry and ask for an explanation. But Varoufakis goes one better.

While indoors still spoken, a government spokesman three sends as long as drought sets:

Merkel, Hollande, Juncker, Draghi and Lagarde had ” exchanged on the current status of the ongoing discussions between the institutions and the Greek government, “it says. The institutions, which are the ECB, the IMF and the European Commission, also known as the Troika, but not to say so on the Greek request. One was to have been agreed, the preface continues, “that now need to continue working with great intensity”. In other words: Even Greece is not abandoned. “The interlocutors were in the last few days in close contact, and intend to remain so in the next few days -. Both among themselves and also with the Greek government”

compromise with Tsipras

Even before the meeting, it had been called, Tsipras show courtesy, among others, the issue of raising the retirement age. At this willingness to make concessions would fit that he published an article in the French newspaper Le Monde, in which he railed against unspecified neoliberal elements that blocked an agreement. The article could have been a diversionary tactic to calm the own Parteigängerzu that Tsipras put under pressure at home. Supposedly now want to submit a final proposal on which the Greeks should behave Merkel and her counterparts from the Chancellery. Confirmed but is not.

0.58 clock to drive the last of limousines front of the Chancellery. The meeting is closed. But the decision is still pending.





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